Bank Of China
Bank of China (BOC), one of the oldest and most prestigious financial institutions in China, was founded in 1912. Headquartered in Beijing, CN, BOC operates extensively across Asia, Europe, and the Americas, providing a wide range of banking and financial services. As a key player in the banking industry, BOC offers services including corporate banking, personal banking, investment banking, and wealth management, distinguished by its strong international presence and comprehensive product offerings. With a commitment to innovation and customer service, Bank of China has achieved significant milestones, including being one of the first Chinese banks to establish a global footprint. Its market position is reinforced by its ranking among the largest banks in the world, making it a trusted partner for both individual and corporate clients seeking reliable financial solutions.
DitchCarbon Score
How does Bank Of China's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Bank Of China's score of 38 is higher than 64% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Bank Of China's reported carbon emissions
In 2023, Bank of China (BOC) reported total carbon emissions of approximately 1,594,093,000 kg CO2e, comprising 84,740,000 kg CO2e from Scope 1, 1,509,353,000 kg CO2e from Scope 2, and 6,466,000 kg CO2e from Scope 3 emissions. The bank has set ambitious targets to reduce its carbon footprint, aiming for a 40% reduction in absolute carbon emissions across both Scope 1 and Scope 2 by 2025, based on 2019 levels. For the near term, BOC has committed to achieving operational carbon neutrality within its London Branch and BOC (UK) by 2030, while also planning to assist upstream and downstream companies in reducing emissions through supply chain management from 2030 to 2050. Additionally, the bank has pledged to cease financing new coal mining and coal power projects outside of China from Q4 2021 onwards. Looking towards the long term, BOC aims to reduce its Scope 1 and Scope 2 emissions by 50% by 2050, using 2020 as the baseline year. The bank's commitment to sustainability is further underscored by its adherence to industry standards and initiatives, including those from the Bank of China Limited, from which it derives its emissions data.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 88,718,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 1,498,463,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 3 | - | - | - | - | 0,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Bank Of China is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
